#IoT #Products for the IoT #Economy, its all about #Productization

It should be clear by now to observers of how businesses who are being successful are changing. For them IoT is not just another name for Technology or a Delivery Channel but it is a Pervasive Customer Engagement Productization.

As Technologies come and go, Customers are eternal

What is an IoT Product?

An IoT Product is not the envelope, like a website, app or another container, but the thing that is purchased, transferred or acquired. An IoT Product is pervasive (accessible anywhere on any device, platform and mental model) and modular, designed to be portable, while maintaining all the associated complex information, languages and cultural context, findability, regulatory compliance and trace route for quality, feedback and development.

A IoT Product is the virtualisation of DATA that describes the product uniquely (SELF), its history (LIFE) and ecosystem contracts and policies (USAGE)

Where does an IoT Product live?

An IoT Product comes from an IoT Product Ecosystem that has both directly related bolt-on and ancillary upgrades and other domain related tangible and intangible Products and Services.

How do Businesses get IoT Products?

IoT Products are created by responding to clear signals from people in the market.

IoT Products don’t invent themselves

Creating IoT Products in unqualified hands means someone tells you an idea, you pay for it, they walk away and then you change the KPI’s because the idea you bought has no foundations and does not deliver to your business goals and objectives.

IoT Products always have a value model, ROI model a planned life and death built in

Though not always evident when first launched to the customers an IoT Product will have planned financial or gain attributes. They will be easily acquired by their intended customers and be desirable by others.

IoT products are often found through Big Data projects in a data exchange between different business seeking to extend the value of their current data. These Big Data projects drive huge profits not relative to start-up costs but gained by market capture.

Who creates IoT Products?

There are two aspects of creating an IoT Product, the Product Ecosystem and the IoT Product, which are combined in IoT Productization.

I usually just provide information, but this time, if your looking for IoT Productization please contact me or this skill.

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#IoT #Ecosystems require #Ontologies of your #Products and #Services

Products and services associated with the IoT currently operate in closed ecosystems like Home Automation, in effect, they are simply networked products with linking software. Part machine to machine (M2M) and part human to machine or machine to human (H2M setup and observation and M2H alerts).

The IoT is an open ecosystem, made up of billions of product, services and people ecosystems.

While many people will associate an ontology with a website, software or information system, the key factor in IoT products or services is;

  • Information uniqueness
  • Information parity
  • Information exchange policies

IoT products and services also require

  • Governance frameworks
  • Security frameworks
  • Privacy/data storage frameworks

An ontology is a formal naming and definition of the types, properties, and interrelationships of the entities that really or fundamentally exist for a particular domain.

In order to digitize products and services for the IoT an open network, they are required to fit into several types of ontology including;

  • Global ontologies
  • Domain ontologies
  • Geographic ontologies

IoT digital productization

If you’re looking for advice on how your products or services can be made ready for the IoT please contact me.

About the Author

Karl Smith is Computer Scientist or as he describes himself a Creative Scientist. He has worked as an Instructional Designer, Information Architect, Innovator, User Experience Architect and Human Centered Design Consultant. He is also an entrepreneur, founder and director, CIO, CXO involved in startups, offering development, capability building (recruitment), global business development and global program management.

Karl Smith is an acknowledged leader in the field of Human Centred Design, User Experience and Usability and has been honoured with a Fellowship by the British Computer Society. He is also the Founder of several organisations including The User Centered Design Society in the UK.

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#Project #Charlemagne #UIoT, the #unification of the #IoT

Paradigm Interactions has decided to get involved in building products to service the IoT marketplace.

Project Charlemagne is a unification project that links existing technologies with a high-level strategy and vision for financial benefits for those who implement it and gain insights from it.

Project Charlemagne is using Ethereum smart contracts to establish uniquely identifiable items in an IoT network effectively establishing a secondary handshake protocol for network access, that manages policies and identities, this will also allow us to simplify the data that IoT objects require and use ambient power tagging. Some of the sensor technologies do not exist in the format we require yet and we are engaged with medical sensor companies to develop ones that will work with our system.

“Our first product is an IoT retail platform intended to support the mapping of the birth to death (and everything in between) journey of retail products.” says CEO Karl Smith.

While this first version is not as polished as the offerings of major consultancies it does have proprietary information schema, data architecture and ambient power sensor systems that enable IoT item tracking from birth to recycling.

“The opportunities are endless with item level IoT, our whole world becomes a data source, we can deal with anti-social behaviour on an item level, waste and recycling and finally connect product makers to their end customers.” says CEO Karl Smith.

While Paradigm Interactions has already fixed a number of critical problems in regard of enterprise architecture, ontologies and micrometa, component technology working on ambient power requires additional investment to convert real-world interactions into digital insights.

This project remains in development until we can establish a true testbed in a single domain within FMCG.

Until the IoT retail platform is complete Paradigm Interactions focus will remain on client enablement though its IoT Products service.

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